According to Odaily, BlackRock CEO Larry Fink stated at Saudi Arabia's annual flagship investment conference that he does not expect the Federal Reserve to cut interest rates as quickly as the market anticipates. Fink predicts that the Fed will only reduce rates by 25 basis points in 2025, citing the current global inflation levels as higher than ever before.
Additionally, SkyBridge Capital founder Anthony Scaramucci, speaking at the Reuters Global Forum, mentioned that the Federal Reserve is likely to tolerate a higher inflation rate than in the past to navigate the significant debt crisis.
